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Pensions and Other Postretirement Benefits | 6 Months Ended
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Jun. 29, 2019
Pensions and Other Postretirement Benefits [Abstract] |
Pensions and Other Postretirement Benefits | Note 8 – Pensions and Other Postretirement Benefits The Company maintains various retirement benefit plans. Defined Benefit Pension Plans The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2019 and 2018 for the Company’s defined benefit pension plans:
|  | Fiscal quarter ended June 29, 2019 |  |  | Fiscal quarter ended June 30, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Net service cost |  | $ | - |  |  | $ | 845 |  |  | $ | - |  |  | $ | 927 |
Interest cost |  |  | 424 |  |  |  | 1,281 |  |  |  | 371 |  |  |  | 1,211 |
Expected return on plan assets |  |  | - |  |  |  | (489 | ) |  |  | - |  |  |  | (479 | )
Amortization of prior service cost |  |  | 36 |  |  |  | 50 |  |  |  | 36 |  |  |  | 54 |
Amortization of losses |  |  | 118 |  |  |  | 1,344 |  |  |  | 159 |  |  |  | 1,566 |
Curtailment and settlement losses |  |  | - |  |  |  | 500 |  |  |  | - |  |  |  | 455 |
Net periodic benefit cost |  | $ | 578 |  |  | $ | 3,531 |  |  | $ | 566 |  |  | $ | 3,734 |
The following table shows the components of the net periodic pension cost for the six fiscal months ended June 29, 2019 and June 30, 2018 for the Company’s defined benefit pension plans:
|  | Six fiscal months ended June 29, 2019 |  |  | Six fiscal months ended June 30, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Net service cost |  | $ | - |  |  | $ | 1,697 |  |  | $ | - |  |  | $ | 1,875 |
Interest cost |  |  | 848 |  |  |  | 2,572 |  |  |  | 742 |  |  |  | 2,453 |
Expected return on plan assets |  |  | - |  |  |  | (979 | ) |  |  | - |  |  |  | (967 | )
Amortization of prior service cost |  |  | 72 |  |  |  | 101 |  |  |  | 72 |  |  |  | 109 |
Amortization of losses |  |  | 236 |  |  |  | 2,703 |  |  |  | 318 |  |  |  | 3,170 |
Curtailment and settlement losses |  |  | - |  |  |  | 1,005 |  |  |  | - |  |  |  | 917 |
Net periodic benefit cost |  | $ | 1,156 |  |  | $ | 7,099 |  |  | $ | 1,132 |  |  | $ | 7,557 |
Other Postretirement Benefits The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2019 and 2018 for the Company’s other postretirement benefit plans:
|  | Fiscal quarter ended June 29, 2019 |  |  | Fiscal quarter ended June 30, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 35 |  |  | $ | 72 |  |  | $ | 34 |  |  | $ | 73 |
Interest cost |  |  | 78 |  |  |  | 30 |  |  |  | 68 |  |  |  | 28 |
Amortization of prior service (credit) |  |  | - |  |  |  | - |  |  |  | (37 | ) |  |  | - |
Amortization of losses (gains) |  |  | (32 | ) |  |  | 27 |  |  |  | (9 | ) |  |  | 27 |
Net periodic benefit cost |  | $ | 81 |  |  | $ | 129 |  |  | $ | 56 |  |  | $ | 128 |
The following table shows the components of the net periodic pension cost for the six fiscal months ended June 29, 2019 and June 30, 2018 for the Company’s other postretirement benefit plans:
|  | Six fiscal months ended June 29, 2019 |  |  | Six fiscal months ended June 30, 2018 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 70 |  |  | $ | 144 |  |  | $ | 68 |  |  | $ | 148 |
Interest cost |  |  | 155 |  |  |  | 60 |  |  |  | 136 |  |  |  | 58 |
Amortization of prior service (credit) |  |  | - |  |  |  | - |  |  |  | (74 | ) |  |  | - |
Amortization of losses (gains) |  |  | (64 | ) |  |  | 54 |  |  |  | (19 | ) |  |  | 54 |
Net periodic benefit cost |  | $ | 161 |  |  | $ | 258 |  |  | $ | 111 |  |  | $ | 260 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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